Re:Why Freelancing Isn't the Dream It's Made Out to Be
by dachris on Saturday October 26, 2024 @02:52PM
(#41956871)
It depends on the type of your contracts - there's also longer-term contracts out there (at lower hourly rates).
You can do any mix of those (if you can find them) - ideally, you've got long-term contracts that cover you basic income needs, and do short-term contracts or product development on top of that.
Regarding the feast or famine cycles - you need a very healthy cash cushion.
And speaking of health, that's a risk in itself. Long-term health issues that prevent you from working as much as you need to will drain your cushion.
You can do any mix of those (if you can find them) - ideally, you've got long-term contracts that cover you basic income needs, and do short-term contracts or product development on top of that.
Regarding the feast or famine cycles - you need a very healthy cash cushion.
And speaking of health, that's a risk in itself. Long-term health issues that prevent you from working as much as you need to will drain your cushion.